Who Will Lead The Second Wave Of The Big Market?

< p > cyclical large cap stocks rising above 30% above the first Popper are obviously difficult to take up in the second wave. < /p >
In the second, the second wave will continue to make a difference, but it will not be the leader of the second wave. < /p >
< p > I think only the central and local mixed ownership reform stocks can become the second wave leaders. < /p >
< p > mixed ownership is the main direction of the reform of state-owned enterprises. After the new government came into power, it no longer introduced large-scale stimulus policies, but mainly focused on improving the total factor < a href= "http:// www.91se91.com/news/index_c.asp" > productivity > /a >, enhancing the decisive role of the market in allocating resources. The reform of state-owned enterprises is the most important part of this series of reforms, and the reform of mixed ownership is placed first and foremost. It can contribute to economic growth and inject new vitality into the stock market. < /p >
What are the similarities and differences between the < p > < a href= "http:// www.91se91.com/news/index_c.asp" > mixed > /a > and the share reform in 2005? < /p >
< p > common: all need a big wave in the stock market, so that investors can get tangible benefits. At the same time, we should complete the task of reform and maximize the value added of state-owned assets. < /p >
The share reform of < p > 2005 was allocated to investors at an average of 10 to 3 under the market value of 890 billion. At a very low cost, the new size of the new size of the old and large non and market value increased to 20 trillion. As a result, most investors have plunged in share prices, sending 10 to 3. < /p >
< p > and this mixed reform is not a unified allocation, but rather to investors themselves to find, fight, grab. The result is not that investors have shrunk in stock prices, but they have increased substantially and are sending shares to themselves. < /p >
< p > < a href= "http:// www.91se91.com/news/index_c.asp" > share reform < /a >, the structure of state-owned enterprises has not changed, the mechanism of enterprises has not changed, and the collective corruption of state-owned enterprises has been exposed. < /p >
< p > this mixed reform, or the introduction of well-known private enterprises, or the introduction of foreign strategic investors, or allowing them to be two shareholders or large shareholders, the shareholding structure will be reformed, the operation mechanism will obviously improve, the industry and format will be upgraded, the assets and benefits of enterprises will be greatly improved, the market value management will be put on the agenda, managers' equity incentive and employee stock ownership will be substantially activated, and the new and old shareholders hope that the share price will have a sharp rise. < /p >
< p > this is the real market-oriented reform. Therefore, the significance and opportunity of mixed reform is far greater than the stock reform of the year. More and more institutions have realized this, and are racing against time to set up ambush ahead of time. Most of the small and medium-sized investors are blinded by the intentional pressure on the stock price by the agencies. < /p >
< p > fortunately, the process of mixed reform is rather complicated, and the cycle of success is rather long. Unlike the stock reform, it is a big leap forward, but a mature one. This provides investors with opportunities to take turns. This may be the biggest opportunity for China's stock market in more than 20 years. < /p >